# Anybody else see the U.S. credit rating drop?

**URL:** <https://forums.speedlife.net/t/anybody-else-see-the-u-s-credit-rating-drop/259802>\
**Category:** Shift518 Off Topic\
**Created:** [August 5, 2011, 7:12pm UTC](https://forums.speedlife.net/t/anybody-else-see-the-u-s-credit-rating-drop/259802 "2011-08-05T19:12:55Z")\
**Posts on this page:** 1\
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**Author:** ![RocketPunch](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/rocketpunch/32/6429_2.png) [@RocketPunch](https://forums.speedlife.net/u/RocketPunch)\
**Post date:** [August 5, 2011, 9:50pm UTC](https://forums.speedlife.net/t/anybody-else-see-the-u-s-credit-rating-drop/259802/4 "2011-08-05T21:50:59Z")

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> [@You know you're comfortable with your sexuality when....](https://forums.speedlife.net/t/you-know-youre-comfortable-with-your-sexuality-when/44361/56):
>
> Reading one of the links on AOL and say that as of tonight S&P dropped the countries credit rating from AAA to AA+. The markets were already down over the past day, so what do you guys think time to buy more firearms and ammo or is this just a bunch of BS.

It is a huge problem. Lower credit rating = higher interest rate; Doesn’t sound much if it only raise it by let say 0.5% if you were to buy a $20k car, now imagine a country that borrowed $14+ trillion, you do the math.

If you think that a person’s credit score is important, you can imagine how critical it is for a country that is in the middle of economical crisis.

Enjoy your stay…:banghead

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